House Price Change 10 Years in Latvia compared to Europe

The tax levied on the average annual income on a rental apartment/property in the country based on a gross rental income of $1500/month. We assume that the property is owned by nonresidents. These tax rates might be subject to deductions (e.g from interest payments, costs).

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Turkey 936.40%
Iceland 179.57%
Estonia 148.12%
Czech Rep. 132.55%
Portugal 121.37%
Ireland 119.92%
Slovak Rep. 119.22%
Germany 114.18%
Luxembourg 107.42%
Sweden 94.61%
Lithuania 93.57%
Netherlands 87.23%
Malta 85.39%
Romania 77.05%
Austria 71.98%
Bulgaria 69.84%
Russia 69.36%
UK 66.64%
Poland 63.72%
Norway 60.25%
Latvia 59.26%
Slovenia 53.43%
Croatia 50.08%
Belgium 42.07%
Denmark 41.94%
Macedonia 33.59%
France 25.26%
Finland 22.49%
Montenegro 20.79%
Spain 9.64%
Switzerland 8.71%
Greece 6.93%
Hungary 0.00%
Cyprus -8.86%
Italy -22.30%
Ukraine -40.50%

Latvia generates monthly average apartment prices, issued by private entities, Arco Real Estate and Ober Haus. The Central Statistical Bureau of Latvia started producing annual average house prices in 2004 but stopped in 2009. High quality general economics statistics for Latvia are published by the Bank of Latvia and the Central Statistical Bureau of Latvia.